archiveClimate Change

Physical climate risks Senior knowledge lawyer Amy Allen explains how physical climate change risks could affect property transactions. She also discusses what solicitors are qualified to advise on. Section 2.1 of our climate change and property practice note has more information on physical climate risks. Transition risks Amy shares examples of transition risks in a property context. Section 2.2 of our climate change and property practice note has more information on transition risks. Legal or liability risks Amy outlines how legal or liability climate risks may arise and why property...

Who should use the practice note? Solicitors and their teams who handle property transactions.  The note considers how to address climate change risks in these transactions, whether they involve residential, commercial, or mixed-use properties.  The note offers practical advice suitable for most solicitors, regardless of their firm's size or whether they specialise in residential or commercial work.   Consultation findings In September 2024, we launched a public consultation to explore how a new climate risk and conveyancing practice note could help you. The consultation produced detailed feedback that has been used...

News A climate change and property practice note has been launched by the Law Society of England and Wales today (12 May) to help support property solicitors. The new practice note will complement the Law Society’s practice notes on flood risk and contaminated land and builds on landmark climate change guidance for solicitors and firms released in 2023. It has been developed in response to a call from members for greater clarity on how climate risk affects their conveyancing practice, together with practical guidance on how to advise clients. The launch...

Submerged houses after floods on August 25, 2024 in Feni, Bangladesh. (Photo by Parvez Ahmad ... Rony/Drik/Getty Images)Getty Images The latest major United Nations report on climate change is out, and the results are just as grim as all the previous ones, with climate change-related extreme weather events causing ever more people to flee their homes, as well as destroying critical infrastructure. The report, while playing into some of the misunderstandings over climate-related migration, also highlights the need for a large amount of funds to go towards helping vulnerable communities...

By Eliyahu Kamisher | BloombergThe US’s largest pension fund has classified more than $3 billion of holdings in oil drillers, coal miners, and other major greenhouse gas producers as climate-friendly investments, according to a new analysis of public records.Stakes in Saudi Aramco, Chevron Corp. and Chinese coal company Inner Mongolia Dian Tou Energy are among the holdings that California Public Employees’ Retirement System labeled as  “climate solutions.”RELATED: More than 7,000 gallons of hydrocarbon materials were released in Martinez refinery blazeThe findings are part of a report from California Common Good, a...